SBP governor directs banks to focus on loans to small farmers

Governor, State Bank of Pakistan (SBP), Reza Baqir has directed commercial banks to pay special focus on provision of loans to small farmers.

Presiding over a meeting of the Agriculture Credit Advisory Committee (ACAC) Financial Year 2019-20 here at a local hotel, he further directed the commercial banks to enhance their outreach in terms of agricultural infrastructure and adopt more focused approach towards the underserved areas to achieve agriculture credit target FY 2019-20, while bringing a quality shift in agriculture financing.

The Bank of Khyber being KP based bank hosted this event. Governor of State Bank Reza Baqir, Chief executive officers along with senior executives of banks attended the meeting.

The SBP governor appreciated the efforts of banks in promoting agriculture finance during the FY 2019-20. He commended the efforts of the Bank of Khyber in providing agri-financing products in more innovative manner.

Moreover, banks were advised to pay special focus on provision of loans to small farmers. In addition, a committee was also constituted comprising members of banks to further work on BOK product concept of value-chain agriculture financing.